The log
Archive
Every transmission since the station went live, in one text-first index.
The homepage surfaces what's live right now. The log does the opposite job: scan everything at once, understand what a piece is before you click, and move between channels without losing the thread.
Quick filters
Signals
Signals
Fast reads and short observations.
Analysis
Analysis
Structured research and medium-form argument.
- 01Read
Hold Forever, Sell Never
Two non-American compounders — one in Toronto, one in Milan — are quietly inverting the LBO playbook. Buy, fix, hold forever. The asset class their existence implies is larger than the unicorn class, and almost nobody is pricing it correctly.
- 02Read
EPEX Day-Ahead: The Spread Compression Problem
As solar capacity grows, midday price floors are eroding the arbitrage window. What this means for BESS economics in Switzerland.
- 03Read
European Defence Tech: The Acquisition Window That Won't Stay Open
The convergence of EU defence spending mandates, Ukrainian battlefield innovation, and US political uncertainty creates an 18–24 month window for strategic investors.
Essays and Experiments
Essays and Experiments
Longer pieces and more expressive work.
- 01Read
Text Is the New State
What changes about operating businesses when the software you're shipping has to be trusted, not verified. A field guide for capital allocators and operators living through the transition from deterministic systems to probabilistic agents.
- 02Read
What Battery Arbitrage Teaches Us About Multi-Agent Architecture
The parallels between optimising battery storage dispatch and designing agentic AI systems are more than metaphorical. Both are fundamentally about making sequential decisions under uncertainty with imperfect information.
- 03Read
Flow Field #017
Perlin noise-driven particle system exploring emergent pattern formation. Click to regenerate with a new seed.